A game theory experiment that no one understands or can exit

There currently is no banking system, if by that you mean a network of organizations lending to one another and to quality companies in a predictable way...Instead, there are a bunch of paralyzed deposit-hoarding institutions stuck in a game theory experiment that no-one understands or can exit.

The Banking System, Nationalization, and Slack, quoted in "Greedy Bankers" @ Virtual Economics blog.

Both articles are well worth a read, and they're brief.

Hat tip: Greg